nion, we find a like state of affairs. There is no danger whatever
that the public will justify cutting down the wages now received by
men in the employment of a monopoly to a much lower level. That in
itself would not right the wrongs of the poorly paid workers or those
of the public itself. The employer would go on getting high prices for
his products and would pocket the new gain which the reduction of
wages gave him. If a great corporation is now taxing the public, even
those who suffer would rather see the proceeds of the grab shared with
the men than see it all held by the employing corporation. It is,
indeed, true that if a tribunal were to give the men an _increased_
share of what the monopoly is getting, the employing company would try
to recoup itself from the public by raising prices still higher; and,
if it were to give a reduced share, the company might enlarge its
business and make its prices a shade lower. Giving to the men a share
of the grab made by their employer does indirectly cause a certain
increase of the injury done to others, and withdrawing a share might
slightly lessen the injury. The public would rather see the higher
wages paid, and take some chance of this minor and indirect injury,
than see the employing company pocket all that it exacts from the
public.

_Monopoly Prices as affected by an Increase of Wages._--Arbitration
often authorizes a rate of pay based on the profits of an employers'
monopoly; and yet a tribunal of this kind must not, and will not, make
itself the accomplice of any monopoly by making its position more
secure. The policy of every public institution must, and will, be
designed to help make an end of every such outlaw that now has a
foothold in the field of business. Yet any plan which would force a
monopolistic employer to give to his men an increased share of the
"grab" which he makes from the pockets of consumers tends to increase
the amount of the grab if the employer is entirely secure in his
position. A monopoly that is thus safe from interference tries to put
the price of each of its products at the point where the largest net
revenue is afforded. If distance along the line _AG_ measures the
supply of a commodity and vertical distance from it measures price,
_DF_ will be the price curve of a commodity, as it is offered in
increasing amounts. _AD_ will be the price when one unit is offered,
and _GF_ will be the price when the full amount represented by the
line _